The House Ways and Means Committee held a legislative hearing Thursday on the Social Security 2100 Act, a bill that would increase the Social Security Tax to 14.8%, a 2.4 percentage point increase or about a 20% tax increase. If enacted, both businesses and employees would see their payroll taxes increase to 7.4% each. The […]
NJBIA President and CEO Michele N. Siekerka, Esq. issued the following today statement regarding the final FY2020 state budget and the expiration of New Jersey’s tax incentive programs. “While we are pleased that the final FY2020 budget does not include any broad-based tax increases, it is important to recognize that this budget is more than […]
NJBIA’s Frank Robinson interviews Senate President Stephen Sweeney on the latest episode of Take on Trenton about the state budget, taxes, legalization of marijuana, and the Path to Progress plan to address New Jersey’s biggest financial problems.
WASHINGTON — Despite a steep drop in tax-related identity theft in recent years, the Internal Revenue Service on March 6 warned taxpayers that the scam remains serious enough to earn a spot on the agency’s 2019 “Dirty Dozen” list of tax scams. “Taxpayers should continue to protect their sensitive tax and financial data to help […]
We’re joined by Brad Muniz of SobelCo to talk about tax returns, office etiquette and all-you-can-eat buffets as we struggle to name successful movies about accounting.